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Originally Posted by hypertonic
Some Canadian just bought an amphitheater in Detroit I saw on the Colbert Report. Maybe you could buy a venue.
TORONTO — A Toronto developer who was the winning bidder at an auction for the Pontiac Silverdome in Michigan said he got a "good deal" on the stadium.
"The price was right and I bought it," Andreas Apostolopoulos, CEO of Triple Properties Inc., said Thursday after his $583,000 (all figures U.S.) offer for the stadium was accepted earlier this week. "It's not the price you pay to buy it. It's the price you pay to fix and carry it over. That is where the big money is going to go."
Built in 1975 for $55.7 million, the stadium was the former home of the National Football League's Detroit Lions until they moved to Ford Field in 2002. The 80,300-seat Silverdome has largely sat empty since then and with Pontiac, Mich. — about 50 kilometres northwest of Detroit — in the midst of a financial crisis, Fred Leeb, the city's emergency financial manager, said "action had to be taken."
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That is so fucking rad! What would you do with a stadium though.
There is a theatre here I'd love to buy but our property prices have not bottomed out, they've just kept on rising to ridiculous heights. .. and I don't have a spare 10mil ( my guess on what I'd need to pay for my dream run down POS )